Entries tagged "Target Corporation"
Activist investor William Ackman seems to have been somewhat bullet-proof in 2008 -- except when it came to his investments in discount retailer Target.
Yes, it was a dismal 2008 holiday shopping season, and we will get to see the outcome Thursday. Most of the nation's retailers are expected to release reports of same-store sales at stores open over a year, which will indicate overall performance strategy going forward. Since sales in November and December account for 25% to 40% of many retailers' annual sales, according to the National Retail Federation, these results will likely expose the impact of the credit crisis on consumer confidence and reflect the overall state of the economy as the recession likely limited holiday spending and sent jobless claims...
